SMA Equities Acquires Three Property Assemblage on 3rd Avenue in Gramercy

299 3rd AvenueCurrent-day 299 3rd Avenue, image via Google Maps

SMA Equities has acquired the three low-rise properties spanning 295-299 3rd Avenue, in Gramercy, which amount to 13,000 square feet of mixed-use space, for $27.8 million. Per The Real Deal, the assemblage boasts 46,000 square feet of building potential, and development plans have yet to be disclosed.

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